On Friday, the Market Vectors Vietnam ETF (VNM) was up 2.5% from the previous day. However, over the last couple years, this ETF was down 9.8% versus the S&P 500, which is up almost 40% over that same time frame. Is there an investment opportunity with Vietnam stocks?
Many American compan ies have had operations in Vietnam including Nike
(NKE) and Intel (INTC). But there are several Vietnamese companies that trade in the US, according to the free list of Vietnamese stocks at WallStreetNewsNetwork.com.
Probably the best way to invest in Vietnam is through the Market Vectors Vietnam ETF. It trades at 14 times earnings and pays a dividend yield of 2.8%.
Ltd. (VNMHF) is a closed end investment fund managed by
Vietnam Holding Asset Management Ltd., with offices in Hanoi and Ho Chi
Minh City. It trades on both the Pink and the London Stock
Exchange. They invest primarily in privatized State Owned Enterprises.
Another alternative is a bank in the United States that specializes in providing
banking services to the Vietnamese business community in Southern
California, called Saigon National Bank (SAGN).
Dot VN, Inc. (DTVI), the
domain registrar for the Vietnam [.VN] country domain, is a San Diego
company, which also has offices in Hanoi and Ho Chi Minh City, Vietnam,
and has a deal with the Vietnam Internet Network Information Center to
register and sell the Vietnam country code Top Level Domain, and works
with numerous domain resellers. The company has been in business since
2001. It is a very low cap company.
To see all the Vietnamese stocks that trade in the United States, check out WallStreetNewsNetwork.com.
Author owns INTC. Many of the Vietnamese stocks described
above are very low cap and should be considered very speculative.